Europe’s printing ink grade TiO2 supply remained tight last week. Some European buyers turned to China to source printing ink grade TiO2 to offset the demand. As it is not affected by any seasonal, the demand is strong. And the prices from China is competitive now.
Because the continued price rises in the European titanium dioxide (TiO2) market, TiO2 buyers have faced increasing cost pressure, which has impacted their profitability.
Saudi Arabia regulatory officials approved the proposed Tronox acquisition of Saudi-based TiO2 producer Cristal last week.
European TiO2 contract prices have been adjusted accordingly. There are sulphate based and chloride based TiO2. The price of titanium dioxide in China has always had its advantages, especially Sulphate-based TiO2 in China. Sulphate process TiO2 in China per ton is about 10 thousand yuan cheaper than chloride process TiO2 abroad, this attracts many foreign customers to purchase from China. These customers are mainly concentrated in countries such as India, South Korea and Brazil.
Chinese titanium dioxide (TiO2) spot prices were firmer last week, as producers sought higher prices owing to a strengthened Chinese currency. Also the environmental output cuts in China. Before the Chinese Spring Festival holiday (in the middle of the month), the storage and stock of channels and terminals shifted the inventory of producers, and the inventories of manufacturers were not large. Most of them made price plans according to their inventory conditions. Chinese producers were seeking to implement price hikes of around $100/tonne in the near term, but these increments have yet to be pushed through to buyers.
Meanwhile, Q1 2018 contracts have largely been settled up, as overall tight global supply levels and firmer prices discussed in Europe and US supported a new round of price hikes.
Many producers in China suddenly announced a rise in price these days, and these manufacturers adjusted the price according to their own stock. But price hike or be interrupted by the Spring Festival, whether there will has further hikes after the Chinese Lunar New Year?